Problem #2: Renaldo joined a holiday savings club at the neighborhood bank. He set aside $10 per week for an eight-month period of time; this special savings account earned 5 1/5% interest, compounded weekly. How much money did Renaldo have at the end of the 32 weeks? Express your approximate answer as currency in dollars and cents with dollar sign. For the fraction of a year, use 32 out of 52 weeks. .

1. Problem #2: Renaldo joined a holiday savings club at the neighborhood bank. He set aside $10
per week for an eight-month period of time; this special savings account earned 5 1/5% interest,
compounded weekly. How much money did Renaldo have at the end of the 32 weeks? Express
your approximate answer as currency in dollars and cents with dollar sign. For the fraction of a
year, use 32 out of 52 weeks.